Bloomberg
American Workers Need to Ask for a Raise, Kelly Says
David Kelly, chief global strategist at JPMorgan Asset Management, says more Americans should be asking for a raise. He says "everybody knows it is hard to find a good employee." Kelly said the economy is chugging along and inflation is...
Bloomberg
Meta Plans to Cut Roughly 5% of Staff
Meta is cutting around 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year. Riley Griffin has more on "The Asia Trade."
Bloomberg
Biden Touts Economic Record, Citing December Jobs Report
President Joe Biden defends his economic record during a news conference in Washington, DC.
Bloomberg
Rates Are Bringing Value Back to Bonds: BlackRock's Rosenberg
Jeffrey Rosenberg, systemic multi-strategy fund portfolio manager at BlackRock, says higher interest rates are bringing relative value back to fixed income. His comments come after it was announced the US economy added 256,000 jobs in...
Bloomberg
US Adds 256,000 Jobs in December, Unemployment Rate 4.1%
U.S. December payrolls exceeded expectations, adding the most jobs since March at 256,000 while the unemployment rate declined to 4.1%. Michael McKee breaks down the numbers on Bloomberg Television.
Bloomberg
US Jobs Preview: What to Watch for in December Report
US December nonfarm payrolls are expected to rise by 165,000 with the unemployment rate remaining unchanged from November, showing that the labor market continues to moderate only gradually. Michael McKee has a preview on Bloomberg...
Curated Video
Truth Be Told: Why some government employees can work from home until 2029
Thousands of federal workers are allowed to continue working remotely until 2029, but President-elect Donald Trump wants to make them return to the office. Here's why that could prove difficult to implement. (Scripps News)
Bloomberg
US Economy: Weekly Jobless Claims Sink to 201,000
Applications for US unemployment benefits fell by 10,000 to 201,000 last week, falling to the lowest since February. Michael McKee reports on Bloomberg Television.
Bloomberg
JPMorgan's Barry Sees Fed Easing 75 Bps in 2025
Jay Barry, JPMorgan's head of global rates strategy, discusses the outlook for the fixed income market and Federal Reserve rate cuts in 2025 on "Bloomberg The Close."
Curated Video
Millions of hourly US workers get pay raises to start the new year
It's estimated more than nine million American hourly workers will receive raises this year under new state minimum wage laws. (Scripps News)
Bloomberg
US Weekly Jobless Claims Slide to Eight-Month Low
Applications for US unemployment benefits fell by 9,000 to 211,000 last week, capping 2024 at an eight-month low, while continuing claims fell to a three-month low of 1.84 million. Anna Wong reports on Bloomberg Television.
Press Association
Train managers strike for second time in dispute over rest-day working at Euston Station
Train managers strike for second time in dispute over rest-day working at Euston Station. Members of the Rail, Maritime and Transport union (RMT) at Avanti West Coast will walk out for the second time this week in a dispute over rest-day...
Bloomberg
Labor Market a Bigger Risk Than Inflation, Claudia Sahm Says
New Century Advisors Chief Economist Claudia Sahm says she is more concerned about the labor market than inflation, which she sees as "fine" at the moment. She speaks with Matt Miller on Bloomberg Television.
Curated Video
Employers are budgeting for smaller pay raises in 2025, survey finds
A new survey released by the company Payscale shows U.S. employers are budgeting for 3.5% raises for 2025 — a slight drop from 4% in 2023 and 3.6% in 2024. (Scripps News)
Bloomberg
The Key Takeaways From December Consumer Confidence Data
The Conference Board Chief Economist Dana Peterson discusses the decrease in US consumer confidence in December. The Conference Board's gauge of confidence decreased to 104.7, led by consumers over 35 years old. That was well below the...
Bloomberg
Fed's Daly Talks Interest Rates, Inflation, Economic Uncertainties
Federal Reserve Bank of San Francisco President Mary Daly discusses her approach to monetary policy, saying she is "very comfortable" with policymakers' median projection of two interest-rate cuts in 2025. Daly also touches on why...
Bloomberg
US GDP Revised to 3.1% as Jobless Claims Fall
US gross domestic product increased at a 3.1% annualized rate in the third quarter, the third estimate of the figures from the Bureau of Economic Analysis showed. That compared to a previous projection of 2.8%. Initial jobless claims...
Bloomberg
Fed to Leave Options Open for January, Citi's Hollenhorst Says
Andrew Hollenhorst, chief US economist at Citi, previews the December FOMC rate decision with a focus on the potential messaging from Federal Reserve Chair Jerome Powell and the Fed's dot plot for 2025.
Curated Video
Federal Reserve cuts key interest rate by a quarter-point
The Federal Reserve cut its key interest rate by a quarter-point on Wednesday. Here's what that means. (Scripps News)
Bloomberg
Fed's Powell Says Inflation Is Moving Closer to Our Goal
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected cuts in 2025, signaling caution. Chair Jerome Powell says inflation is moving toward its goal of 2%. Powell...
Bloomberg
UK Economy: Hot Wage Data Adds to BOE Caution on Rates Cuts
UK regular wage growth accelerated more than forecast in the three months through October on the back of a sharp increase in private-sector pay, underscoring the Bank of England's caution about cutting interest rates. Dan Hanson of...
Bloomberg
German Economic Weakness Is 'Becoming Chronic,' Ifo Says
Ifo President Clemens Fuest discusses the institute's latest index on German business confidence which fell more than economists expected in December. "The German economy is not in a slump, so it's not going down very quickly," Fuest...
Bloomberg
Lagarde: 'We're Not Done' on Getting to Inflation Target
European Central Bank President Christine Lagarde discusses efforts to bring inflation down to 2%. "We are getting closer, but we are not done," she said during a news conference in Frankfurt after the ECB lowered interest rates for the...
Press Association
Chancellor launches Small Business Saturday
Pooled clip with Chancellor Rachel Reeves as she visits Leeds Corn Exchange ahead of Small Business Saturday She discusses concerns from small business owners following her budget announcements, small businesses not knowing the full...